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To: Musya who wrote (4198)2/3/1998 2:41:00 PM
From: Musya  Read Replies (2) | Respond to of 4489
 
How do you guys like the volume in the second half of the day today? The absence thereof?

My read on it:
With the prerelease of the news, the market discounted the news 2-3 days before it actually came to wires. Some of cardcall people who have their own opinions, sold into this news prerelease. Everybody who wanted to buy - bought. Now we do not have any more sellers (at these prices), and no more buyers. BTW, the potential buyers who were not familiar with the stock before, and saw it today first time (after the news), noticed how the market reacted to the news (i.e., went down). This fact turned SOME of them (I think many of them) off, and they did not become new buyers.

Sort of...

What do you think, Mr Murphy?

Musya